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    7509 E Lake Rd Erie, PA 16511

    For Sale
    $134,000

    LAND - Erie, PA

    Property size:
    500 SF
    Lot size:
    1.72 Acres
    Days on Market:
    83
    Last Refresh:
    Dec 6 at 3:06 am

    Property Features for 7509 E Lake Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    27-025-031.0-033.00
    Size
    500 SF
    Lot size
    1.72 Acres

    Taxes and HOA fees

    Expense value
    2000
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Utilities

    Water source
    Public

    RE/MAX Real Estate Group (814) 833-9801 [email protected]

    Listing agent Hannah Mindek-Allessie (814) 882-1998 License #RS319194

    Listing date Sep 15, 2025

    MLS# 184140 Listing URL

    Copyright © 2025 Greater Erie Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Erie Land with Gas Well

    This 1.72-acre lot, located in Erie, PA, is ready for residential development. The property features a gas well and is situated approximately 2 miles from Shades Beach and Shorewood Beach. Its location provides convenient access to schools, shopping centers, restaurants, beaches, and wineries. Mature trees and trails traverse the wooded area, which backs onto a county-owned park with trails leading to Scott Run and Eightmile Creek. A garage is currently standing on the property. The lot has a property size of 500 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Hotel & Motel Food Market Farmer's Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Erie
    County
    Erie
    State
    Pennsylvania
    Longitude
    -79.947909
    Latitude
    42.193831

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    FAQs

    What type of property is this?
    Land - Well-maintained lot near beaches, shopping, and schools.
    Where is this land located?
    The property is located at 7509 E Lake Rd Erie, PA.
    What is the asking price?
    The asking price for this property is $134,000.
    What are key features of this property?
    This property features: - Prime location: Just 2 miles from Shades Beach and Shorewood Beach.; - Gas well on the property.; - Backs up to county-owned park and trails.
    (814) 882-1998
    Request Owner's contact information
    7509 E Lake Rd Erie, PA 16511
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    Erie, PA 16511
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7509 E Lake Rd Erie, PA 16511
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